Capital One

[Jolly]

https://www.foxbusiness.com/politics/capital-one-sued-cfpb-allegedly-cheating-customers-out-2-billion

[George K]

Q: "What's in your wallet?"

A: "Not enough of the money you owe me."

[Jolly]

I don't think we have to go back to the 1930's, but I do think we need to revisit some aspects of banking law. Some aspects of big banking are too predatory and too manipulative.

[taiwan_girl]

I guess the news from today is not too surprising then. LOL

JPMorgan posts record annual profits as major US banks thrive in the final quarter of 2024

https://apnews.com/article/jpmorgan-chase-bank-earnings-profit-38c5a832fdb4503d8483d6115b4a8ee1

[89th]

That is odd. I've been a Capitol One 360 account holder for a while (back when it was ING Direct) and we have regular savings as well as the performance savings, in fact most of our savings cash is in the latter since it earns 4% interest. I'm not sure how/why we moved money into it but we didn't have a problem knowing about it or using it as the article suggests. The $2 billion figure seems dramatic... consumers at some level need to be their own self advocates. Nothing was hidden about the accounts available to use, at least not to me.